History, 25.11.2019 21:31 em6maw

"the first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it.
the first lesson of politics is to disregard the first lesson of economics."
- thomas sowell
based on this quote, what type of economic system is thomas sowell best referencing?
a mixed economy
a command economy
a traditional economy
a free-market economy

Answers: 3

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"the first lesson of economics is scarcity: there is never enough of anything to fully satisfy all...